Bill Gates loses $1.5 billion in 33 days

[luvsluvin]

Buffett overtakes Gates to top new Forbes list

Posted on Fri Oct 10, 2008 8:24AM EDT


The magazine, in its October 27 issue, recalculates the effect of September's financial news on the wealthiest Americans, those who make up its Forbes 400 list, the agency said.

The Berkshire Hathaway Inc chairman added $8 billion to his net worth in a 33-day period, August 29 to October 1, to reach $58 billion, the agency said, citing the magazine.

Buffett overtook the Microsoft Corp co-founder, whose net worth declined $1.5 billion to $55.5 billion during the 33-day period, the agency said.

Bill Gates had been number 1 on the Forbes list for 15 consecutive years, the agency said.

Las Vegas Sands Corp Chief Executive Sheldon Adelson's net worth declined $4 billion during the period, the steepest drop among Americans who lost $1 billion or more during the credit crisis, the agency said.

Forbes could not be immediately reached by Reuters.

(Reporting by Ajay Kamalakaran in Bangalore, editing by Will Waterman)

[billybob]

Bless his heart!!! As one that has lost his ass this year, ( well I didn't sell, and I should have said down I guess) he has a lot more ass to lose than me.

[Kris83]

Poor Bill...litterally!

[Harsea21]

I won't cry

[mrkromer]

Chris Rock once said "If Bill Gates woke up with Oprah's money, he'd jump out a fucking window." I wonder what he'll do after losing more than Oprah's net worth. lol

mike

[sierradoc]

Chris Rock once said "If Bill Gates woke up with Oprah's money, he'd jump out a fucking window." I wonder what he'll do after losing more than Oprah's net worth. lol

mike

luv me some CRock.

[bluffmanxx]

Buffett overtakes Gates to top new Forbes list



The Berkshire Hathaway Inc chairman added $8 billion to his net worth in a 33-day period, August 29 to October 1, to reach $58 billion, the agency said, citing the magazine.

here is an idea, let's see who has benefited from the market collapse.

might be an interesting list, and might be interesting to ask them a few questions as well.

[spaceboy761]

People holding lots of gold. It's possible that leprechauns and trolls are behind all of this.

[SurfDogII]

The magazine, in its October 27 issue, recalculates the effect of September's financial news on the wealthiest Americans, those who make up its Forbes 400 list, the agency said.

The Berkshire Hathaway Inc chairman added $8 billion to his net worth in a 33-day period, August 29 to October 1, to reach $58 billion, the agency said, citing the magazine.

Anyone been taking note as to what stocks Warren Buffet had been investing in since the market crash? I have. When the world's wealthiest man decides to invest, follow his lead.

[spaceboy761]

As of right now, Goldman Sachs and GE. Both stocks have tanked since, but he got such favorable terms unavailable to the rest of the planet that he could conceivably be wrong and still make money.